pump.fun has repurchased 3,040,000,000 PUMP tokens at an average price of $0.006

On July 16, according to analyst Ember Monitoring, pump.fun changed the way it uses fee income. Instead of transferring it to Kraken for sale, it is now used to repurchase PUMP. In the past 7 hours, they transferred 187,770 $SOL (approximately $30.53 million) of fee income to the 3vkp...3WTi address and then purchased PUMP. The purchased $PUMP was then transferred to the G8Cc...kqjm address for storage. Currently, 111,953 $SOL (approximately $18.34 million) has been used to purchase 3,040,000,000 $PUMP, at an average price of $0.006. [TechFlow]